DealBook Online

By EVELYN M. RUSLI, MICHAEL J. de la MERCED and NELSON D. SCHWARTZ

Published: March 29, 2012

FIRST-DAY GAIN Annie's, the organic food maker, soared on its stock market debut on Wednesday, rising 63.7 percent, to $31.11 a share, at its open. Shares closed close at $35.92.

The company, best known for its organic macaroni and cheese and its smiling rabbit mascot, priced its initial public offering at $19 a share on Tuesday night, above the expected range of $16 to $18 a share. EVELYN M. RUSLI

BREAKUP, THEN MERGER Tyco International agreed on Wednesday to merge its flow control unit with Pentair in an all-stock deal, creating a new powerhouse in the business of industrial pumps and valves.

Under the terms of the deal, Tyco will proceed with its breakup plan, creating the flow business as an independent company. Pentair will then merge with the new stand-alone entity, in a deal giving Tyco shareholders 52.5 percent of the company and Pentair investors the remainder. MICHAEL J. de la MERCED

PAY RAISE Brian T. Moynihan, below, chief executive of Bank of America, earned $8.1 million in 2011, a sharp increase from the $1.9 million payout he received in 2010.

Last year was a turbulent transition for the bank, with its shares dropping below $5 at one point. During his second year as chief, Mr. Moynihan sold off noncore assets and built up capital levels. NELSON D. SCHWARTZ

BOARD BATTLE The head of Third Point, Daniel S. Loeb, would like Yahoo to know that he is concerned about the company's long-term health, and is not pursuing an activist campaign just to generate short-term profit.

In a letter to Yahoo's chief executive on Wednesday, Mr. Loeb writes that his fund is pushing to help right what he says is a company that has been languishing for years. Third Point is seeking four seats on the board to replace several departing directors. MICHAEL J. de la MERCED